On May 1, 2020. Wildhorse Corp, issued $600,000, 10%, 5-year bonds at face value. The bonds were dated May 1, 2020, and pay interest annually on May 1. Financial statements are prepared annually on December 31, (a) Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit May 1 Cash 2020 600000 Bonds Payable 600000 eTextbook and Media List of Accounts Attempts: 1 of 3 used (6) Your answer is correct Prepare the adjusting entry to record the accrual of interest on December 31, 2020. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. Round answers to decimal places, 68.5.675) Your answer is correct. Prepare the adjusting entry to record the accrual of interest on December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to decimal places, eg. 5,675) Date Account Titles and Explanation Debit Credit Dec. 31. Interest Expense 2020 Interest Payable 40000 40000 e Textbook and Media List of Accounts Attempts: 1 of 3 used (c) Your answer is correct Show the balance sheet presentation on December 31, 2020. (Enter account name only and do not provide descriptive information Round answers to decimal places, es 5,675.) Wildhorse Corp. Balance Sheet (Partial) December 31, 2020 Current Liabilities Interest Payable 40000 Your answer is correct. Show the balance sheet presentation on December 31, 2020. (Enter account name only and do not provide descriptive information Round answers to decimal places, es 5,675.) Wildhorse Corp. Balance Sheet (Partial) December 31, 2020 Current Liabilities Interest Payable 40000 Long term Lublities v Bonds Payable 800000 e Textbook and Media List of Accounts Attempts: 2 of 3 used (d) Attempts: 2 of 3 used (d) Prepare the journal entry to record payment of interest on May 1, 2021. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. Round answers to decimal places, s. 5,675) Date Account Titles and Explanation Debit Credit May 1 2021 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer (e) The parts of this question must be completed in order. This part will be available when you complete the part above If The parts of this question must be completed in order. This part will be available when you complete the part above